What was the monthly inflation increase from April to May?

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Monthly Inflation Increased by 0.3 Per Cent from April to May 2024

Malaysia's headline inflation experienced a monthly increase of 0.3 per cent in May 2024 when compared to April 2024. This follows a 0.2 per cent monthly increase observed in April. The overall annual inflation rate for May stood at 2.0 per cent, up from 1.8 per cent in April.
Key Drivers of Monthly Inflation

The primary contributors to the monthly increase in May were housing, water, electricity, gas, and other fuels, alongside information and communication services, both of which saw a 0.6 per cent rise. Food and beverages, restaurant and accommodation services, recreation, sport and culture, and education also contributed to the monthly inflation, each recording a 0.3 per cent increase compared to the preceding month.
Components with Declining Prices

Conversely, certain categories experienced price decreases, partially offsetting the overall inflation. Clothing and footwear prices declined by 0.2 per cent, and insurance and financial services saw a reduction of 0.1 per cent. Additionally, furnishings, household equipment, and routine household maintenance, along with health services, did not register any price increase in May.
Core Inflation Remained Stable

Core inflation, which excludes volatile items like fresh food and government-administered prices, maintained its rate at 1.9 per cent in May 2024, mirroring the figure from April 2024. This stable core inflation was largely influenced by increases in restaurant and accommodation services (up 3.3 per cent) and personal care, social protection, and miscellaneous goods and services (up 3.0 per cent).

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What was the monthly inflation increase from April to May?

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